Cuba: Market for Copper Tubes And Pipes 2025

Market Size for Copper Tubes And Pipes in Cuba

The Cuban copper tube and pipe market soared to $X in 2021, growing by 89% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a mild increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Copper Tubes And Pipes

Exports from Cuba

In 2014, exports of copper tubes and pipes from Cuba skyrocketed to X tons, rising by 381% against the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe exports skyrocketed to $X in 2014. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for copper tube and pipe exports from Cuba, with a 95% share of total exports. Moreover, copper tube and pipe exports to Spain exceeded the volume sent to the second major destination, Slovenia (X kg), more than tenfold.

From 2012 to 2014, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for copper tubes and pipes exports from Cuba, comprising 78% of total exports. The second position in the ranking was held by Slovenia ($X), with a 22% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2014, the average copper tube and pipe export price amounted to $X per ton, declining by -50.5% against the previous year. Overall, the export price faced a dramatic slump. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.2%).

Imports of Copper Tubes And Pipes

Imports into Cuba

In 2021, approx. X tons of copper tubes and pipes were imported into Cuba; increasing by 65% against 2020. Overall, imports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of 77%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, copper tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a pronounced increase. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Canada (X tons) and Spain (X tons) were the main suppliers of copper tube and pipe imports to Cuba, with a combined 76% share of total imports. Italy lagged somewhat behind, accounting for a further 7.2%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Spain ($X) were the largest copper tube and pipe suppliers to Cuba, together accounting for 77% of total imports.

Canada, with a CAGR of +34.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper tube and pipe import price stood at $X per ton in 2021, jumping by 18% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper tube and pipe import price increased by +86.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform